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Sunday, July 29, 2007

Mother of all rules to be a millionaire!

You may be reading lots of books on wealth creation. You may be even reading books on stocks and shares. You know names like Robert Kiyosaki, Robert G. Allen, Loral Langemeier and Donald trump. You got determined and motivated to start making your millions but after a while of trying, you are still stuck with the same financial status that you are in before reading the books and after reading the books. Ever wondered why?

Well, believe or not, there are missing links to their journey to be a millionaire. These missing links are something that we need to know and practice. I may not know what the missing links are but rest assured I don’t just want to be a millionaire, I want everybody who get into contact with me be a millionaire as well.

The fact is, you cannot be a millionaire just by reading books and articles. You will be a very knowledgeable person not a rich person. Everyone is talking about getting into the mindset of a millionaire but no one tells you to model how millionaires live their life before he became a millionaire! I’m not talking about inherited wealth of course!

Before you start getting millions of dollars, are you skilled enough to handle your present financial situation? We do not have to go into details on net worth, liability and asset just yet. We shall just concentrate on how you manage your dollar and cents. In short, how in the hell are you going to handle one million dollar when you cannot what you are getting now?

Yes, you need to worry about that now! You do not have to worry on what stocks to choose, what other income streams you need to have and who are your team member in your million dollar journey yet. If you have little or no savings now, then you must start saving money. if you always have little or no money left towards the end of the month, you really have a big problem!

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